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Singapore launches portal for life insurance comparisons 

Singapore launched its first web portal that allows consumers to compare life insurance products of different companies. The portal is a joint effort by the Consumers Association of Singapore, the Monetary Authority of Singapore, the Life Insurance Association of Singapore and MoneySENSE. Consumers can compare features such as premium, guaranteed death benefit, and the surrender values at different years. Life insurance companies also start selling direct purchase insurance. These are simple life insurance products sold without commissions and financial advice. http://j.mp/TAS150407a

Tuesday, April 7, 2015 8:55:00 PM Categories: MAS Nice2Know Product
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MAS specifies direct-purchase life insurance products 

Products will pay zero commission

Insurance News

  -  August 2, 2014
Singaporeans will be able to buy certain types of life insurance products directly from insurance companies next year without paying any commission. MAS has specified the following types of insurance products to be made available for direct purchase: 1) Term Life with TPD cover (5 years renewable, 20-year term, term expiring at age 65); 2) Whole Life (premium ceases at ages 70 and 85); 3) Optional CI rider.  http://bit.ly/TAS140802a http://bit.ly/TAS140802b 


Saturday, August 2, 2014 6:43:00 PM Categories: MAS
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